There is no restriction on the number of client a stock broker can have.

As per the Index-based Market-wide Circuit Breaker rules in case of a 10% movement in the index, there would be a one-hour market halt if the movement takes place before 1:00 p.m.

In case the movement takes place at or after 1:00 p.m. but before 2:30 p.m.there would be trading halt for ½ hour. However in case movement takes place at or after 2:30 p.m. there will be no trading halt at the 10% level and market shall continue trading.

Mumbai branch has a limit of Rs 950 lakhs. Out of this X and Y are using Rs. 300 and Rs. 400 lakhs, so balance left for the new user is Rs 250 lakhs.

Figures of Delhi branch are not to be considered as each branch has a seperate limit.

There are two Depositories in India and they are NSDL (National Securities Depositories Ltd) and CDSL (Central Depositories Services (India) Ltd).

Numbering System of ISIN: The numbering structure for securities in NSDL is of 12 digit alpha numeric string. The first two characters represent country code i.e. IN. The third character represents the Issuer Type ie. 'A' means Central Goverment, 'B' means State Government etc.

The next 4 characters (fourth to seventh character) represent company identity. The next two characters (the eight and ninth characters) represent security type for a given issuer. The next two characters (the tenth and eleventh characters) are serially issued for each security of the issuer entering the system. Last digit is check digit.

IMP - Please note the numbering system of ISIN has to be memorised to get the right answer. Here in this question, 15 represents Pass through Certificate in the ISIN code.

An order with a stop loss and with a limit price are price related conditions wherein the price is the important criteria.

In Disclosed Quantity, the quantity of order is not fully disclosed - for eg. If an investor wants to buy 5000 shares, he can disclose his quantity to 10% and show only 500 shares on the screen. So this is a volume related order.

Calculation :

.4 X 30 + .2 X 30 + .4 X 50 = 12 + 6 + 20 = 38

So this portfolio of 3 stocks should give a return of appx. 38%

The Branch Manager has the authority only over the dealers under his branch and not of the entire trading firm.

A Corporate manager has the authority over the trading activities of all branches and dealers.

All IPO's of Rs 10 crore or more have to issue shares in demat form only.

Average Rate of Return = Total Returns / No. of Years

                          = 10.75 + 12.60 + 4.8 + 9.80 / 4 years

                          = 37.95 / 4

                          = 9.49